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Galgate Silk Mill Chapel Lane is a residential building situated on Chapel Lane, Galgate, Lancaster, LA2 with 119 addresses.
It ranks as the 362nd largest and 101st most expensive of the 362 buildings in the LA2 area.
The building contains a total of 119 properties: 119 flats.
Galgate Silk Mill Chapel Lane is a residential building situated on Chapel Lane, Galgate, Lancaster, LA2 with 119 addresses.
It ranks as the 362nd largest and 101st most expensive of the 362 buildings in the LA2 area.
The building contains a total of 119 properties: 119 flats.
Sale prices range from £105,090 for 1 bedroom leasehold flats (193 ft2) to £171,989 for 2 bedroom leasehold flats (552 ft2) .
Monthly rental prices range from £668 pcm for 1 bed flats to £1,070 pcm for 2 bed flats.
The gross rental yield is between 7.5% and 7.8%.
The average value per square foot is £307.
The last sale in Galgate Silk Mill Chapel Lane sold for £45,000 on 7th March 2024. Since then prices are up an average of 1.9%.
The current average value in the building is £155,344.
The Galgate Silk Mill Chapel Lane Sales Market has increased by 25.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.7% | £155,344 |
| May 2025 | 1.9% | £156,444 |
| May 2024 | 1.4% | £153,548 |
| May 2023 | 1.9% | £151,423 |
| May 2022 | 8.9% | £148,638 |
| May 2021 | 5.8% | £136,491 |
| May 2020 | 1.4% | £129,065 |
| May 2019 | 1.1% | £127,242 |
| May 2018 | -0.2% | £125,881 |
| May 2017 | 1.9% | £126,076 |
| May 2016 | 0.5% | £123,747 |
| May 2015 | 2.1% | £123,172 |
| May 2014 | 2.1% | £120,693 |
| May 2013 | -2.6% | £118,209 |
| May 2012 | -1.4% | £121,326 |
| May 2011 | -1.9% | £123,032 |
| May 2010 | 0.2% | £125,443 |
| May 2009 | -12.2% | £125,162 |
| May 2008 | 0.5% | £142,572 |
| May 2007 | 0% | £141,915 |
The current average rental value in the building is £998.
The Galgate Silk Mill Chapel Lane Rental Market has increased by 36.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.9% | £998pcm |
| May 2025 | 5.3% | £970pcm |
| May 2024 | 10.8% | £921pcm |
| May 2023 | 3.1% | £831pcm |
| May 2022 | 7.8% | £807pcm |
| May 2021 | 0.6% | £749pcm |
| May 2020 | 1.7% | £745pcm |
| May 2019 | 1.3% | £732pcm |
| May 2018 | -0.7% | £723pcm |
| May 2017 | -0.8% | £728pcm |
| May 2016 | 0.3% | £733pcm |
| May 2015 | 0.2% | £731pcm |
| May 2014 | -0.7% | £730pcm |
| May 2013 | -1.1% | £735pcm |
| May 2012 | -1.1% | £743pcm |
| May 2011 | 2.5% | £751pcm |
| May 2010 | -0.8% | £733pcm |
| May 2009 | -4.2% | £739pcm |
| May 2008 | 5% | £771pcm |
| May 2007 | 0% | £734pcm |
The last sale was on 7th March 2024 for £45,000 and since then the market in the area has increased by 1.9%. The building has had a total of 21 sales since 1995.
Galgate Silk Mill, Chapel Lane, Galgate, Lancaster, LA2 0PR has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to Galgate Silk Mill, Chapel Lane, Galgate, Lancaster, LA2 0PR is Lancaster station which is 6.1 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Galgate Silk Mill, Chapel Lane, Galgate, Lancaster, LA2 0PR, 42.5% of property is privately owned with a mortgage and 40.4% is privately owned outright.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Galgate Silk Mill, Chapel Lane, Galgate, Lancaster, LA2 0PR, 16.9% of residents are recorded as possessing school level qualifications and 43.1% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Galgate Silk Mill, Chapel Lane, Galgate, Lancaster, LA2 0PR, the average age was 34.2 and the most common age was 17.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Galgate Silk Mill, Chapel Lane, Galgate, Lancaster, LA2 0PR, 0.6% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Galgate Silk Mill, Chapel Lane, Galgate, Lancaster, LA2 0PR, there are an average of 1.4 cars per household.
See below for how this compares to North West and the rest of England & Wales.